Tag: Flexible Battery Market

Global Flexible Battery Market to Expand as Portable Electronics Gain Popularity

The growing popularity of miniaturized electronic systems has emerged as a key trend in the electronics industry. This trend has given a thrust to the growth of the global flexible battery market. The growing use of flexible batteries in the electronics industry can be attributed to the need for wearable electronic devices. Furthermore, the light-weight and conformity of flexible batteries has led to increased demand within the global market. As portable electronics gather popularity across the globe, the revenue index of the flexible battery market is projected to improve.

Imprint Energy lately developed its flagship Imprint Battery Developer’s Kit (BDK) that helps developers in customizing their own products. Flexible batteries are an important component of this kit as these batteries help in desired prototyping of products. Several other players are also investing in the development of flexible batteries that can align with multiple products.

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This blog by TMR Research on the global flexible battery market looks into the key dynamics of market growth.

Popularity of Lithium-Ion Batteries

The use of lithium-ion batteries across the electronics industry has played an underhanded role in the growth of the global flexible battery market. Furthermore, the use of flexible primary batteries in smart cards and disposable devices has emerged as a prominent driver of demand within the market. The advantages of flexible primary batteries have led several electronic manufacturers to explore its uses.

Asia Pacific to Lead Market Growth

The proliferation of electronic manufacturing in several parts of the world, especially across India and China, has given a thrust to the growth of the global flexible battery market. Furthermore, the region is quick to embrace new technologies, and flexible batteries have gained popularity in the region.

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The prominent companies existing in the global flexible battery market include LG Chem Ltd., Brightvolt Inc., Blue Spark Technologies, Inc., NEC Energy Solutions Inc., and Solicore Inc.

Growing Consumer Electronics Sector to Propel Growth of the Flexible Battery Market

The electronics with flexible batteries can be either battery-powered or single-use. Their structure gives noteworthy advantages over their partners as far as execution and structure factor. These batteries discover application across cards, wearable gadgets, customer hardware, and medicinal gadgets. The global flexible battery market is at a stage of development and is foreseen to extend with fast pace due to the broad innovative work exercises and developing ventures from a few blue chip players.

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Additionally, growing development and fast mechanical progressions for upgrading the flexible battery market and for improving the battery life are providing support to the growth of the global flexible battery market. Furthermore, rising strict criteria’s in the Internet of Things (IoT) based gadgets are probably going to convert into the more noteworthy take-up of flexible batteries. Be that as it may, the nearness of minimal effort substitutes such as nickel, lithium-particle, and zinc batteries is limiting growth of the global flexible battery market.

Key players in the global flexible battery market are centering towards advancement and offering the cost effective products, which is boosting the global flexible battery market. The growing capability of the flexible batteries is offering robust opportunities for growth of the market. Additionally, a number of players are likely to introduce numerous products in the market, which is propelling growth of the global flexible battery market.

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Some of the key players operating in the global flexible battery market are Cymbet Corporation, Blue Spark Technologies, Inc., LG Chem Ltd., Brightvolt Inc., Solicore Inc., NEC Energy Solutions Inc., Samsung sdi Co., Ltd, Front Edge Technology, Inc, STMicroelectronics, Ultralife Corp., Apple Inc., Nokia Technologies, Panasonic Corp., and Enfucell OY Ltd. Owing to presence of large number of players is leading to increase level of competition in the global flexible battery market.

Emergence of IoT to Boost Flexible Battery Market

San Francisco, California, September 26, 2017: The rising demand for thin and flexible battery from Internet of Things is most likely to generate lucrative growth opportunities for the global market of flexible battery. Furthermore, employment of flexible lithium air batteries in wearable products is expected to fuel the growth of the market. A new report by TMR Research, titled “Flexible Battery Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” gives complete assessment of various aspects of the market. This market study consists estimated market values for the global market over the forecast period. The study is fabricated by top qualified professionals to allow market investors completely understand the market. Data pertained to the growth of the market is presented in a comprehensible way. Numerous charts and diagrams are included to increase the readability of the report. The market has been segmented on the basis of several categories. Market figures for those segments have been formulated. Moreover, the trends influencing these segments have been added to the report.

Flexible batteries are conformal and flexible and can be easily fixed in a small area. As electronic devices are getting compact, usage of these batteries has been escalated. They can be either single-use or rechargeable. These batteries find their applications in electronic devices such as medical devices, wearable devices, consumer electronics, and smart cards. The increasing investments from several blue chip players and augmented research and development programs are promising significant expansion of this market. The emergence of IoT devices are demanding for flexible batteries for their compact designs. Leading players in this market are focusing on technological advancements and innovations to enhance overall battery life and form factor, which is envisioned to propel the growth of the market. This report various such trends and factors that can affect the market’s growth trajectory. These trends will help market players of explore hidden opportunities present for them in the market. Furthermore, numerous restraining factors are included to shed light on the pitfalls present in this market.

On the basis of geography, the market for flexible battery can be segmented into Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. Of these, the North America segment is expected to project strong growth over the forthcoming years due to the presence of high number of market players. Furthermore, the increasing popularity of wearable products in the developed countries of this region is promising high swelling of the flexible battery market in North America. Furthermore, Asia Pacific is projected to showcase an impressive growth rate owing to the contribution of India and China. The blooming consumer electronics market in the developing countries of Asia Pacific is fueling the regional market for flexible battery. The rising demand for wearable devices, technological developments in the smart packaging sectors and consumer electronics, and rising incomes of the population are ensuring Asia Pacific market development over the forecast period. This geographical analysis is included with a motive to deliver a strong understanding of the global market.

The market study also briefs about competitive scenario of the global flexible battery market. This section delivers comprehension regarding the intensity of competition confronted by market players, strategies followed by leading players to stay competent, and numerous opportunities and obstacles present for the market players. Company profiles of prominent players have been included to let readers understand the perception of market players. Some of these players include Enfucell OY Ltd., Front Edge Technology, Inc., Nokia Technologies, Panasonic Corp., Apple Inc., STMicroelectronics, Ultralife Corp., Samsung sdi Co., Ltd., Solicore Inc., NEC Energy Solutions Inc., Brightvolt Inc., Blue Spark Technologies, Inc., LG Chem Ltd., and Cymbet Corporation.

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